The number one reason people don’t buy life insurance? It’s too expensive. Second reason people don’t buy it? Unacceptably long application process. Yet the only solution carriers had to these complaints was to offer a simplified issue product. Accelerated underwriting is the new and improved simplified issue, emulating a similar buying experience without the extra risk to the carrier and providing a much broader and less expensive product offering.
During this one-hour webinar, Aite Group senior analyst Samantha Chow will describe the technologies, processes, and tools carriers can use to offer their customers an accelerated data-driven process.
Key discussion points include:
- Accelerated underwriting’s impact on the carrier’s ability to support straight-through processing
- How to create a more customer-centric experience for a fully underwritten policy through accelerated underwriting and less invasive testing
- The technology, data, statistics, and processes available to support the move toward accelerated underwriting
Aite Group Insurance clients can access the full webinar by logging into our website.
For more information about this topic or other Aite Group services, please contact us at email@example.com
Samantha Chow is a senior analyst with Aite Group, specializing in the life and annuities industry. She brings over 15 years of experience in primary and secondary market research, product development, pricing strategies, competitive intelligence, project management, process improvement, and change management in the financial services industry.